GoStudent

GoStudent, founded in Vienna in 2016, offers personalised online tutoring to students of all ages, connecting them with over 40,000 active teachers on a platform reaching students in 24 European countries. The model attracted massive capital during the post-pandemic edtech boom years: the company has raised a total of $779 million across 9 rounds, peaking with a $340 million Series D led by Prosus in January 2022. That season of aggressive growth came at a steep cost: between 2019 and 2022, GoStudent scaled revenue past €100 million but burned through over €150 million in cash in 2022 alone. The correction came quickly: in 2023 the company cut its burn rate by 70%, a path of financial discipline that led, in March 2024, to a landmark announcement — its first full-year operational profitability, with both EBITDA and operating cashflow positive globally. Alongside the profitability turnaround, GoStudent revised its geographic ambitions: the company dropped its goal of being present in 20 countries to refocus on the European market, a choice reflecting the typical maturation of post-hypergrowth scale-ups, when cost discipline takes priority over expansion at any cost. As of April 30, 2026, headcount stood at 2,679 employees. GoStudent remains one of the most-cited case studies in European edtech: an example of a startup correcting course from a growth-at-all-costs model to a sustainable one, without abandoning its original educational mission.